Decision Analysis for Operation & Maintenance Professionals

What are the Goals?

By the end of this training course, participants will be able to:

• Improve productivity through use of better, timelier information.
• Understand how world-class organisations solve common asset management problems.
• Optimise planning and scheduling resources, carry out optimised failure analyses.
• Optimise asset management budgets by avoidance of unplanned equipment failures in service.
• Develop a practical approach of an action plan to utilise these technologies in their own areas of responsibility.

Who is this Training Course for?

This training course is suitable to a wide range of technical professionals but will greatly benefit:

• Operation and Maintenance Professionals
• Key Operations Supervisors
• Internal Improvement Consultants

Daily Agenda

Day One: Introduction to Decision Making

• Scope and significance of decisions
• The Decision making process
• The concept of best practice through learning from worst practice
• Introduction to reliability and Weibull analysis

Day Two: Implementing Multiple Criteria Decision Analysis using the Analytic Hierarchy Process (AHP)

• Definition of Decision Analysis
• How, and Why, Bad Decisions are Made
• Guidelines for Good Decision Analysis
• What is AHP?
• Benefit/Cost Analysis
• Resources Allocation

Day Three: Risk Management through Failure Mode & Effect Analysis (FMEA)

• Fault Tree Analysis
• Risk Priority Number
• The Criticality Matrix
• Modelling Reliability of Systems
• Series and Parallel Systems
• The Redundancy Concept

Day Four: MRP and ERP Systems

• What is ERP and how did it develop
• What is MRP System
• The Bill of Materials
• Master Production Schedule

Day Five: Decision Analysis for Optimisation of Maintenance Activities

• How to get the most of your CMMS?
• Benefits that can result from CMMS
• Optimum Decisions for Maintenance Policies
• Key Features of Next Generation Maintenance Systems
• How to transform Data to Decisions